Applying Interrelations of Financial Statements Fill in the missing amounts, a through t, for each of the three separate companies. Note: All amounts relate to the current year unless indicated as a prior year amount. Case 1 Net income Retained earnings, December 31, current year Retained earnings, December 31, prior year Dividends Common stock, December 31 Total stockholders' equity, December 31 Other comprehensive income Accumulated other comprehensive income, December 31,prior year Accumulated other comprehensive income, December 31,current year Comprehensive income Total assets, December 31 Total assets, excluding cash, December 31 Total liabilities, December 31 Cash, December 31, prior year Cash, December 31, current year Change in cash Check (a) (b) (c) (d) (e) (f) (g) $28,000 (h)$ 30,000 ✓ 10,000 8,000 x(i) 112,000 (j) X 3,000 2,000 x (k) 204,000 ✓ 194,000 (1) 92,000 5,000 10,000 (m) 5,000 ✓ Case 2 125,000 ✓ 870,000 (n) 780,000 35,000 (0) X 1,300,000 ✓ 0 (p) 0 0 (q) X 2,200,000 2,135,000 ✓ 900,000 (r) 75,000 (s) 65,000 (t) (10,000) Case 3 $90,000 254,500 150,000 480,000 2,500 103,000 880,000 825,000 55,000 ✓ 10,000
Applying Interrelations of Financial Statements Fill in the missing amounts, a through t, for each of the three separate companies. Note: All amounts relate to the current year unless indicated as a prior year amount. Case 1 Net income Retained earnings, December 31, current year Retained earnings, December 31, prior year Dividends Common stock, December 31 Total stockholders' equity, December 31 Other comprehensive income Accumulated other comprehensive income, December 31,prior year Accumulated other comprehensive income, December 31,current year Comprehensive income Total assets, December 31 Total assets, excluding cash, December 31 Total liabilities, December 31 Cash, December 31, prior year Cash, December 31, current year Change in cash Check (a) (b) (c) (d) (e) (f) (g) $28,000 (h)$ 30,000 ✓ 10,000 8,000 x(i) 112,000 (j) X 3,000 2,000 x (k) 204,000 ✓ 194,000 (1) 92,000 5,000 10,000 (m) 5,000 ✓ Case 2 125,000 ✓ 870,000 (n) 780,000 35,000 (0) X 1,300,000 ✓ 0 (p) 0 0 (q) X 2,200,000 2,135,000 ✓ 900,000 (r) 75,000 (s) 65,000 (t) (10,000) Case 3 $90,000 254,500 150,000 480,000 2,500 103,000 880,000 825,000 55,000 ✓ 10,000
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 13E: Ratio of liabilities to stockholders equity and times interest earned The following data were taken...
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